Industry News
3 min read

Exomad Green to double carbon removal capacity by 2027

Written by
ClimeFi Insights
Published on
22 October 2024
Global carbon capture and storage market set for significant growth

At the Puro.earth Summit, Exomad Green announced plans to double its carbon removal capacity to 800,000 tonnes by 2027 through the establishment of three new biochar production facilities.

During the Puro.earth Summit at the Climate Week event in New York, Exomad Green, a Bolivian biochar producer, made a significant announcement regarding its future plans for carbon removal. Exomad Green revealed its intention to double its current carbon removal capacity from 400,000 tonnes to an impressive 800,000 tonnes by the year 2027. To accomplish this substantial increase, the company plans to establish three new biochar production facilities.

The company's expansion strategy involves the construction of these additional facilities, which will harness biochar technology to capture carbon dioxide from the atmosphere effectively. These new establishments will complement Exomad's existing sites in Concepción and Riberalta, expanding their operational network to five facilities in total. According to the announced timeline, the first of these new plants is expected to begin operations by 2026 in Guarayos, Bolivia, while two more plants are planned to be operational by 2027.

Exomad Green has been a prominent player in the biochar industry, making headlines for supplying 50% of all biochar credits available on the market for 2024. The company aims to enhance its position as a leading global producer of biochar, branded as "technochar," by ramping up production and focusing on carbon removal capabilities.

The company states that its overarching mission is not merely about achieving targets but is centred on creating a sustainable and environmentally friendly future. This is realised through the augmentation of its carbon removal capacity using biochar, a product derived from hardwood forestry residue. Typically, this residue is incinerated as waste, but Exomad Green repurposes it into biochar, a carbon-rich material that sequesters carbon for millennia and offers agronomic benefits when applied to soil, enhancing its quality and crop productivity.

Moreover, Exomad Green's operations prioritise the well-being of the communities within its operational locales. For instance, in the Concepción region, where Exomad opened its first plant, the company has contributed to improved air quality and increased farm yields. This community-focused approach is something Exomad intends to continue with the establishment of its new facilities, expressing enthusiasm about the prospective positive impacts they will have.

This development marks a significant stride in Exomad Green’s commitment to combating climate change and advancing its sustainability objectives. The company is poised to strengthen its impact on the biochar industry globally, augmenting its capacity to contribute to a greener planet.

Source: Noah Wire Services